Nov 29, 2012 4:00am EST
on the fiscal cliff. geithner is president obama's lead negotiator in the budget talks. he'll first meet with harry reid at 10:00 followed by john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then he'll meet with house minority leader nancy pelosi. president obama is signaling he's flexible on where tax rate shoes go if the wealthiest americans. return to clinton era tax rates would have house holds playing between 36% to nearly 40%. the president met with a group of ceos wednesday. they offered support for resolving the fiscal cliff crisis with a proposal that includes higher taxes for those who make more than a quarter million dollars a year. >> at this point both sides have acknowledged that there is going to be revenue concessions and there will be entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in the business context as close as they are, i would say a deal would be in reach. >> interesting. bill ford jr. agrees with blankfein saying he's con
Dec 4, 2012 4:00am EST
will continue to negotiate ways to avoid the year end fiscal cliff. and president obama's also meeting with a group of u.s. governors at around 10:00 a.m. eastern. the bipartisan group includes delaware governor jack mar account kell, mary fallon, scott walker. they will discuss possible solutions to the fiscal cliff and how it will impact their states. the group also expected to meet with house republicans later this week. and oracle is the latest amongst the group of companies to speed up dividend payments as a means of avoiding possible tax hikes for investors because of the fiscal cliff discussions. the company will pay difference tends fors next three quarters totaling 18 cents a share. the ceo didn't take part in the decision but will benefit. he owns 23% stake, that means he'll get around $198 million. pretty good. daniel, what is the share buy back dividend play at the moment, how strong an impact wheth will it have? >> long term probably not a whole lot. it highlights even in general if we think we'll avoid the fiscal cliff, people do appreciate that some taxes will have to go
Dec 5, 2012 4:00am EST
negotiations appear to be going nowhere. today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.